SCHEDULES
F1C2SCHEDULE B1ADMINISTRATION
Sch. B1 applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 87(1)(2), 93(3), Sch. 10 Pt. 1, Sch. 10 Pt. 2
EFFECT OF ADMINISTRATION
Dismissal of pending winding-up petition
C141
1
A petition for the winding up of a company—
a
shall be dismissed on the making of an administration order in respect of the company, and
b
shall be suspended while the company is in administration following an appointment under paragraph 15.
2
Sub-paragraph (1)(b) does not apply to a petition presented under—
a
Article 104A (public interest),
b
Article 104B (SEs), or
c
section 367 of the Financial Services and Markets Act 2000 (c. 8) (petition by F2Financial Conduct Authority or the Prudential Regulation Authority).
3
Where an administrator becomes aware that a petition was presented under a provision referred to in sub-paragraph (2) before his appointment, he shall apply to the High Court for directions under paragraph 64.
Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)